House of Representatives liable for Downfall of Iraqi national economy

26 Nov 2012

Jalil al-Rubaie, the economist stated that the House of Representatives are responsible for the fall off of the national economy, as an outcome of the lack of important laws and legislation, which could have surely supported in the development of the economy.
Rubaie stated this on Thursday saying that there is a huge amount of economic laws is immobilized in the House of Representatives did not see the light of day until now as a tariff law and the protection of the domestic goods, customer protection and other laws that support the local products and the development of the national financial system.
Rubaie also added that the Iraqi Council of Representatives must tolerate the greatest responsibility in the failure of the national financial system for the economics f the whole world and decreasing growth due to preference for personal profit and partisan interests at the expense of the economy, which made him Manmda cash on oil revenue unidirectional (95%).
He also declared to the economic and investment commission parliamentary that the coming situation will face a package of legislation important economic laws to endorse the industrial sector and public sectors in Iraq.
Source: [Al Rayy]